Section 115BAC default regime basic exemption is:
ARs. 7,00,000
BRs. 2,50,000
CRs. 5,00,000
DRs. 3,00,000
Answer & Solution
Correct answer: D. Rs. 3,00,000
1. Section 115BAC default regime applies from AY 2024-25.
2. Basic exemption is Rs. 3,00,000 for all individuals regardless of age.
3. No separate slabs for senior or super senior citizens under this regime.
_Source: ICAI BoS CA Final Paper 7, Ch 1 "Basic Concepts"_
Related questions
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